Truly Agreed, 2015


View proposed language

SCS HCS HB 50, 2015    (New Section - as Truly Agreed)    

382.510. An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks.
Such requirement may be satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer.


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